If you do outsource first, I would not strictly focus on the management fee percentage (i.e 7% vs 5%) ... some of the most expensive property managers I've ever had have charged the lowest fees; 5% does not mean a whole lot if they pick your pockets with marked up repair invoices, select bad tenants that don't pay rent & trash the place, and ignore the repair requests of good tenants causing small problems to get large.

I've had my BiggerPockets account for a few weeks now but I've been doing a lot of reading on the forums and blogs for a few months along with reading a lot of Mark Ferguson's blog, his blog was actually how I found BP!

@Brandon Ingegneri, @Mark NolanThanks for the warm welcome. 

Mark Douglas

@JACK SHEA and attorney Mark Warda knows lease options in floridaThey are awesome.

@Mark DouglasYou could make the purchase contingent upon the current landlord / seller having the problem tenant removed prior to the close of escrow.  

Mark

thanx alot @ Linvo and Mark

Unfortunately Mark, no I have not kept good records, landlording was a blind leap of faith and the education that goes with it was non-existent.

That per-month price is way below the $600 mark but at the end of the year far above it.